Investment Allowance - Bill Enters Parliament

The Government introduced into Parliament on Thursday 19 March 2009 a Bill to enact the investment allowance. The Bill differs slightly from the Exposure Draft Bill released on 25 February 2009 in a few respects – there are new provisions about the location of assets, to deal with taxpayers with substituted accounting periods, to make it clearer that some amounts can be aggregated in determining whether expenditure has reached a required threshold and to clarify the interaction with the R&D regime, for example. This Tax Brief updates our earlier Tax Briefs on the Investment Allowance for these new developments.  For our full Tax Brief - click here